Trading Plan Short $TRB
$TRB spiked to the 1h upper Bollinger Band after a 14% pump, now showing signs of exhaustion.
Entry: $18.32-$18.82
Stoploss: $19.75
Targets: $17.00 / $15.50 / $13.50
TRB hit extreme RSI and the 1h upper BB, a classic fade setup, especially with the daily trend being sideways. OI spiked 18% on this pump, but taker buy volume is flat, suggesting absorption at highs as retail longs pile in, reflected by the 1.83 L/S ratio. The contracting basis also signals weakness despite the pump. Reclaim $19.75, short voided.
Trade $TRB here👇
$TRB spiked to the 1h upper Bollinger Band after a 14% pump, now showing signs of exhaustion.
Entry: $18.32-$18.82
Stoploss: $19.75
Targets: $17.00 / $15.50 / $13.50
TRB hit extreme RSI and the 1h upper BB, a classic fade setup, especially with the daily trend being sideways. OI spiked 18% on this pump, but taker buy volume is flat, suggesting absorption at highs as retail longs pile in, reflected by the 1.83 L/S ratio. The contracting basis also signals weakness despite the pump. Reclaim $19.75, short voided.
Trade $TRB here👇